JPMorgan Chase (NYSE:JPM) - Share price, News & Analysis

JPM fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	3/6
Financial Health	6/6
Dividends	5/6

JPM Stock Overview

JPMorgan Chase & Co. operates as a financial services company worldwide.

Rewards

Trading at 39% below our estimate of its fair value

Earnings are forecast to grow 7.08% per year

Earnings have grown 12.6% per year over the past 5 years

Pays a reliable dividend of 3.41%

Risk Analysis

No risks detected for JPM from our risk checks.

JPMorgan Chase Competitors

Bank of America

NYSE:BAC

US$272.8b

Wells Fargo

NYSE:WFC

US$157.9b

U.S. Bancorp

NYSE:USB

US$73.1b

Apple

NasdaqGS:AAPL

US$2.2t

Price History & Performance

Summary of all time highs, changes and price drops for JPMorgan Chase
Historical stock prices
Current Share Price	US$117.34
52 Week High	US$172.96
52 Week Low	US$115.02
Beta	1.11
1 Month Change	-7.47%
3 Month Change	-22.87%
1 Year Change	-27.86%
3 Year Change	6.96%
5 Year Change	37.46%
Change since IPO	1,073.40%

Recent News & Updates

May 19

JPMorgan Chase: Favorable Risk/Reward Clouded By Short-Term Uncertainty

We first made JPMorgan Chase & Company (JPM) a Long Idea in May 2020 as part of our “See Through the Dip” thesis. Despite slightly underperforming the market, we think the stock is worth $164+/share today and has 33%+ upside. JPMorgan’s stock has strong upside based on guidance for net interest income growth in 2022, a diversified global business, and more.

May 10

Do JPMorgan Chase's (NYSE:JPM) Earnings Warrant Your Attention?

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

May 09

It's Almost Time To Chase JPMorgan

We are using technical analysis to look for a specific high-probability long setup in JPM. Follow along as we discuss why this type of setup can help the swing trader find key entry and exit points. We also will analyze what implications this could have on the longer-term outlook for JPM.

Shareholder Returns

	JPM	US Banks	US Market
7D	-1.5%	-1.5%	-2.7%
1Y	-27.9%	-19.9%	-12.9%

Return vs Industry: JPM underperformed the US Banks industry which returned -19.9% over the past year.

Return vs Market: JPM underperformed the US Market which returned -12.9% over the past year.

Price Volatility

Is JPM's price volatile compared to industry and market?
JPM volatility
JPM Average Weekly Movement	4.5%
Banks Industry Average Movement	4.0%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	2.9%

Stable Share Price: JPM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: JPM's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1799	273,948	Jamie Dimon	https://www.jpmorganchase.com

JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

JPMorgan Chase Fundamentals Summary

How do JPMorgan Chase's earnings and revenue compare to its market cap?
JPM fundamental statistics
Market Cap	US$344.63b
Earnings (TTM)	US$40.50b
Revenue (TTM)	US$123.73b

8.5x

P/E Ratio

1.4x

P/B Ratio

Is JPM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
JPM income statement (TTM)
Revenue	US$123.73b
Cost of Revenue	US$0
Gross Profit	US$123.73b
Other Expenses	US$83.23b
Earnings	US$40.50b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 14, 2022

Earnings per share (EPS)	13.79
Gross Margin	100.00%
Net Profit Margin	32.73%
Debt/Equity Ratio	224.8%

How did JPM perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

29%

Payout Ratio

Does JPM pay a reliable dividends?

See JPM dividend history and benchmarks

When do you need to buy JPM by to receive an upcoming dividend?
JPMorgan Chase dividend dates
Ex Dividend Date	Jul 05 2022
Dividend Pay Date	Jul 31 2022
Days until Ex dividend	42 days
Days until Dividend pay date	68 days

Does JPM pay a reliable dividends?

See JPM dividend history and benchmarks

Valuation

Is JPMorgan Chase undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

39.0%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: JPM ($117.34) is trading below our estimate of fair value ($192.41)

Significantly Below Fair Value: JPM is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: JPM is good value based on its PE Ratio (8.5x) compared to the US Banks industry average (9.7x).

PE vs Market: JPM is good value based on its PE Ratio (8.5x) compared to the US market (15.2x).

Price to Earnings Growth Ratio

PEG Ratio: JPM is poor value based on its PEG Ratio (1.2x)

Price to Book Ratio

PB vs Industry: JPM is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.1x).

Future Growth

How is JPMorgan Chase forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

7.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: JPM's forecast earnings growth (7.1% per year) is above the savings rate (1.9%).

Earnings vs Market: JPM's earnings (7.1% per year) are forecast to grow slower than the US market (12.5% per year).

High Growth Earnings: JPM's earnings are forecast to grow, but not significantly.

Revenue vs Market: JPM's revenue (5.1% per year) is forecast to grow slower than the US market (7.8% per year).

High Growth Revenue: JPM's revenue (5.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: JPM's Return on Equity is forecast to be low in 3 years time (13.4%).

Past Performance

How has JPMorgan Chase performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

12.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: JPM has high quality earnings.

Growing Profit Margin: JPM's current net profit margins (32.7%) are higher than last year (32.7%).

Past Earnings Growth Analysis

Earnings Trend: JPM's earnings have grown by 12.6% per year over the past 5 years.

Accelerating Growth: JPM's earnings growth over the past year (4.3%) is below its 5-year average (12.6% per year).

Earnings vs Industry: JPM earnings growth over the past year (4.3%) underperformed the Banks industry 20.9%.

Return on Equity

High ROE: JPM's Return on Equity (14.8%) is considered low.

Financial Health

How is JPMorgan Chase's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: JPM's Assets to Equity ratio (13.8x) is moderate.

Allowance for Bad Loans: JPM has a sufficient allowance for bad loans (222%).

Low Risk Liabilities: 70% of JPM's liabilities are made up of primarily low risk sources of funding.

Loan Level: JPM has an appropriate level of Loans to Assets ratio (28%).

Low Risk Deposits: JPM's Loans to Deposits ratio (44%) is appropriate.

Level of Bad Loans: JPM has an appropriate level of bad loans (0.7%).

Dividend

What is JPMorgan Chase current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

3.41%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: JPM's dividend (3.41%) is higher than the bottom 25% of dividend payers in the US market (1.58%).

High Dividend: JPM's dividend (3.41%) is low compared to the top 25% of dividend payers in the US market (4.11%).

Stability and Growth of Payments

Stable Dividend: JPM's dividends per share have been stable in the past 10 years.

Growing Dividend: JPM's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (28.9%), JPM's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: JPM's dividends in 3 years are forecast to be well covered by earnings (34.6% payout ratio).

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure

CEO

Jamie Dimon (65 yo)

16.42yrs

Tenure

US$84,428,145

Compensation

Mr. James Dimon, also known as Jamie, has been the Chairman and Chief Executive Officer of JPMorgan Chase & Co. since December 31, 2006 and December 31, 2005 respectively and served as its President since...

CEO Compensation Analysis

Compensation vs Market: Jamie's total compensation ($USD84.43M) is above average for companies of similar size in the US market ($USD13.34M).

Compensation vs Earnings: Jamie's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: JPM's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.

Board Members

Experienced Board: JPM's board of directors are considered experienced (8.3 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/22 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31